What are financial statements? Financial statements are reports that summarize important financial accounting information about your business. There are three main types of financial statements: the balance sheet, income statement, and cash flow statement. Together, these statements provide you—and outside people like investors—a clear picture of your company’s financial position. Common Types of Financial Statements 1. Balance Sheets A balance sheet is a snapshot of your bus

At the core of every business is a set of steady-state assets that keep the whole operation running. These assets include everything from employees to equipment. These assets take a fixed amount of money from your profits every month, and ensuring these assets are necessary and beneficial is crucial. Operational analysis is the process of measuring the performance of a steady-state or operational asset against an established set of metrics, usually a set of costs, performance